Hi,
I am working in a software firm with around 30 people. Deserving employees are given a bonus on a quarterly basis every year. One employee received his quarterly bonus at the end of Q1. At the beginning of Q2, he submitted his resignation and left the company after serving his notice period.
From United States, Los Angeles
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I am working in a software firm with around 30 people. Deserving employees are given a bonus on a quarterly basis every year. One employee received his quarterly bonus at the end of Q1. At the beginning of Q2, he submitted his resignation and left the company after serving his notice period.
From United States, Los Angeles
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@Saswata - As I have mentioned, the employee has submitted his resignation during the beginning of Q2, served his notice period, and left the company. So, along with his salary, is the company obliged to pay him the quarterly bonus?
From United States, Los Angeles
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From United States, Los Angeles
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@Nathrao - That is my query. I feel that if an employee has their salary processed during the notice period, then their bonus should also be processed. However, my manager has the opposite view. His perspective is that once an employee submits their resignation, perks like bonuses, incentives, etc., will lapse for the notice period served. Therefore, if an employee who is eligible for a quarterly bonus resigns during a quarter, they will receive a pro-rated bonus. For example, if they resign in the 2nd month, they will only receive the bonus for the 1st month of that quarter, while the bonus for the 2nd and 3rd months will be forfeited. If they resign in the 1st month, they will not be eligible for a bonus for that quarter. Please let me know what the actual practice followed is.
From United States, Los Angeles
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From United States, Los Angeles
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Quarterly bonus is not in line with payment of bonus. Therefore I assume that company is giving bonus on its own, as incentive.
In that case, is the option of the company as to which person will get the bonus and how much. Since it is and incentives, it does not make the company any sense to pay it to the person who has put down his papers and will be leaving. In fact, I would not even be bonus for the month during which they worked in the company in the normal course, because there is no meaning in giving an incentive for person who is not going to work with me.
The answer for me different of course if the concept of quarterly bonus was already provided in the appointment letter or any other HR documents given to the employee.
Incident , It would have been a good idea if you had put the details right in the first post instead of waiting for someone to ask what your actual problem is…
From India, Mumbai
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2642In that case, is the option of the company as to which person will get the bonus and how much. Since it is and incentives, it does not make the company any sense to pay it to the person who has put down his papers and will be leaving. In fact, I would not even be bonus for the month during which they worked in the company in the normal course, because there is no meaning in giving an incentive for person who is not going to work with me.
The answer for me different of course if the concept of quarterly bonus was already provided in the appointment letter or any other HR documents given to the employee.
Incident , It would have been a good idea if you had put the details right in the first post instead of waiting for someone to ask what your actual problem is…
From India, Mumbai
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